| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 02 Feb 2021 - 31 Jul 2021 | 15 Nov 2021 | 57 | 21% | 33% | 46% | 21% |
| 01 Aug 2020 - 31 Jan 2021 | 13 Oct 2021 | 59 | 19% | 20% | 61% | 22% |
| 01 Aug 2019 - 31 Jan 2020 | 06 Mar 2020 | 62 | 19% | 29% | 52% | 8% |
| 01 Feb 2019 - 31 Jul 2019 | 27 Aug 2019 | 64 | 16% | 29% | 55% | 7% |
| 01 Aug 2018 - 31 Jan 2019 | 22 Feb 2019 | 66 | 14% | 28% | 58% | 10% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 58 | 22% | 35% | 43% | 11% |
| 01 Aug 2017 - 31 Jan 2018 | 06 Mar 2018 | 64 | 11% | 33% | 56% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
H E Simm & Son Limited has negotiated payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used payment terms in the reporting period are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
The HE Simm Supply Chain Charter applies to all subcontractors and suppliers working with the company. The company actively seeks to resolve disputes by discussing them with the relevant suppliers and sub-contractors, initially involving the procurement and commercial teams as appropriate and, where necessary, with accounts payable and management. Where it is not possible to reach agreement, the procedure for adjudication and arbitration are included in all sub-contract agreements.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
H.E. SIMM & SON LIMITED is a UK-based company that specializes in providing high-quality construction, engineering, and maintenance services to various industries. The company was founded in 1864 and has since then established a strong reputation for delivering reliable and efficient solutions to their clients.
One of the key focuses of H.E. SIMM & SON LIMITED is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices in all aspects of its operations. They have implemented various initiatives, such as using energy-efficient equipment, reducing waste, and promoting eco-friendly practices in their construction projects.
The company offers a wide range of products and services, including mechanical and electrical engineering, design and installation, maintenance, and refurbishment. They have worked on projects in various sectors, including healthcare, education, commercial, and residential.
At the helm of H.E. SIMM & SON LIMITED is a team of experienced and dedicated individuals who bring a wealth of knowledge and expertise to the company. The key people include the Managing Director, Operations Director, and Commercial Director, among others.
For customers and potential clients, H.E. SIMM & SON LIMITED has a user-friendly website that provides comprehensive information about their services, projects, and sustainability initiatives. The company's registered office address is 18-20 Lloyd Street, Altrincham, Cheshire, WA14 2DE.
In conclusion, H.E. SIMM & SON LIMITED is a reputable company that prioritizes sustainability in its operations while providing top-notch construction, engineering, and maintenance services. With a team of experienced professionals and a commitment to sustainable practices, the company continues to make a positive impact in the industry.
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